OECD Economic Outlook, Volume 2019 Issue 2
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.
Iceland
The economy will recover amid a pick-up of foreign tourism and seafood exports. Consumption will remain moderate on the back of contained wage growth and rising social benefits. Business investment will slowly recover as interest rates decline. Unemployment will rise, although in a few high‑skill sectors labour shortages will become more apparent. Inflationary pressures will ease as wage drift has weakened and the krona has stabilised.
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